The upside of that is when they move out (because you won't be renewing their lease), if there are ANY stains; you can bill them 100% of the cost for that carpet because it was brand new when they lived there (okay maybe not 100% as it will be a few months old when they move out, but 95%). 

The consensus has been to not renew the lease.

And I never renewed it.

Because his job is 1 year term-renewable, we leased a 1000 SF 1st floor 2 BR 2 BA condo for $1500 before we knew I was pregnant.

Common fees will include a set-up fee, a leasing fee for each turnover or a lease renewal fee, marking up maintenance, retaining late fees, and more.

ins co's are going sky high on rates, AND being picky as to what new policies they write and/or renew. 

However, her lease expires on July 31 and obviously we won’t be renewing.

They will be out at the end of October, and we are not renewing.   

As they expire, renew each one at market rent.

I've been looking around in NYC and those rent-stabilized properties seem pretty attractive, but my realtor friend is telling me that they're not worthy of investment due to the headache with tenants and the renewal process.